Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Publicly Funded Stadiums Create Low-Paid Jobs, New Taxes
Wall Street Journal, July 18th, 2008 2:30PM

MOST READ

MOST COMMENTED

As D.C. United and other MLS teams seek public money to help finance new stadium ventures, Mark Yost looks at the real figures behind a sports venue financed largely by the taxpayer's cash. While there's no denying that the neighborhood around the Washington Nationals' new baseball stadium in southeast D.C. has undergone a renaissance in recent years, he asks, "How much credit should go to the ballpark?"

"It's a question that has been debated countless times before, over other stadiums, but the historical evidence is pretty clear," Rost writes. "Sports economists have long argued that publicly financed stadiums are a waste of taxpayer money. And they have the data to prove it." While stadium construction creates high-paying jobs for a year or two, "the vast majority of long-term employment is low-wage concession jobs." The Nationals' website currently advertises jobs for elevator operators, fan ambassadors and security guards, with pay at $7.50-$8.50 an hour.

District Councilman Kwame Brown once called the stadium "the most controversial project in the history of the city" because D.C. had more pressing needs with its schools a mess, crime out of control, and unemployment in distressed neighborhoods double the national average. Nowadays, Brown shows off the neighborhood and its $600,000 condos, giving some of the credit to the new stadium. But with the city's income from the stadium coming from the same people who financed it in the first place -- the taxpayers, who pay $14 million a year from taxes on tickets, concessions and merchandise, with another $24 million coming from a new stadium tax on D.C. businesses -- "the vast majority of the 'development' in Southeast," Rost concludes, "is nothing more than taxpayer-funded public works projects."

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Legia Loses CAS Appeal     
Legia Warsaw has said it will sack the administrator blamed for the clerical error that resulted ...
Report: BVB's Sponsors to Buy Stakes     
Borussia Dortmund on Thursday announced that the club would issue up to 24.5 million shares in ...
Simeone: Atletico Can't Compete with Real, Barca    
In an interview with La Gazzetta dello Sport, Atltico Madrid coach Diego Simeone emphasized that despite ...
Dzeko Signs Four-Year Man City Contract     
Manchester City striker Edin Dzeko on Thursday signed a new four-year deal with the defending Premier ...
FA Investigates Mackay, Moody     
Crystal Palace sporting director Iain Moody resigned on Thursday as the English FA opened an investigation ...
Poyet: 'I've Never Seen Jozy as Happy as Now'    
Gus Poyet, speaking ahead of Sunderland's home clash against Manchester United this weekend, says that USA ...
Ronaldo Fit for Super Cup; Di Maria, Khedira Futures Uncertain    
Real Madrid coach Carlo Ancelotti on Thursday confirmed that Cristiano Ronaldo is fit enough to start ...
Balotelli to Join Liverpool     
AC Milan on Thursday confirmed that striker Mario Balotelli has said goodbye to the club's teammates ...
Report: Mackay Out of Palace Running    
Malky Mackay, who was considered a shoo-in for the vacant Crystal Palace job, is no longer ...
UEFA Investigates Tavecchio Comments    
Italian soccer federation (FIGC) president Carlo Tavecchio is being investigated by UEFA over an alleged racist ...
>> Section 2 Around the Net Archives